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News For: Variable AmeritasCredit cards/Debt Overview: Justin McHenry, research director of IndexCreditCards.com, said variable credit card rates have remained low, thanks to the Federal Reserve. The average consumer credit card interest rates have fallen from 14.14 percent in September 2006 to 12.29 percent this month according to IndexCreditCards.com. But, those rates are high to begin with, according to personal financial management ... The Dow Jones Is Getting Revitalized SAN DIEGO - Hello Philadelphia cream cheese and good-bye variable annuities! Editors of the Wall Street Journal have decided to replace AIG with Kraft Foods which leaves the Dow somewhat "unbalanced". The outlook on low-risk investments isn't so bad Investors who stash their cash in money market funds, certificates of deposit or fixed-rate annuities aren't looking for big gains. They just want to protect their principal and earn a little bit of interest. Loss Of Face Could Mean Losses For AIG In Japan After coming close to bankruptcy, the insurer is facing a crisis of confidence among its notoriously skittish Japanese customers. Some sales of AIG annuities on hold Dozens of banks have suspended sales of AIG annuities, a sign of the challenge the company faces holding onto business a week after the government took it over. Interbank loans at standstill Lending between banks ground to a standstill this week in a graphic illustration of the scale of the crisis in the financial markets. Money market rates were pushed higher, raising funding costs for home owners and companies that borrow money at variable rates of interest. Today in the press IRISH BANKING UNITS OF RBS WITHDRAW TRACKER LOANS - Scottish-owned Ulster Bank and First Active have become the latest lenders to stop offering tracker mortgages to their customers, says the Irish Independent. Lehman link won't affect business, housing group says The Colorado Housing and Finance Authority has a $2.8 billion business relationship with the bankrupt Lehman Brothers Holdings, but officials do not expect that to have any impact on its ability to do business. College debt on credit card? Do homework first I've incurred roughly $56,000 in student loan debt. The federal loans were consolidated at a rate of 4.75 percent a few years ago. The rest are private loans and have higher, variable interest rates currently 5 percent and 7.75 percent, respectively. ECB Calls For Bids In Main Weekly Refinancing Tender FRANKFURT -Dow Jones- The European Central Bank Monday called for bids in its weekly main liquidity-providing operation, in which it will allocate funds Tuesday. |